USD 402.76 Billion
Report ID:
SQMIG45B2172 |
Region:
Global |
Published Date: December, 2024
Pages:
177
|Tables:
0
|Figures:
0
System Integration Market size was valued at USD 458.34 Billion in 2023 and is poised to grow from USD 521.59 Billion in 2024 to USD 1289.22 Billion by 2032, growing at a CAGR of 13.8% during the forecast period (2025-2032).
The rising public and private investments in system integration solutions, for the enhancement of Information Technology infrastructure is the main driver of the market. Moreover, the increasing need for eradicating the diversity, and heterogeneity, of applications used in infrastructure is expected to drive the system integration market over the forecast period. System integration unites various processes and enables organizations to operate smarter. Companies are increasingly aware of the benefits of system integration as the complexity of enterprise structure is harming their profitability and competitive ability. System integration technologies deliver enterprises with cost-sensitive, centralized, as well as integrated solutions for their IT infrastructure. One of the major aspects spurring the development of the system integration industry is the rising number of information technology consumers.
In order to facilitate cross-border investments and enhance global business operations, different international organizations and government-authorized organizations are opting for different supportive initiatives. World Trade Organization, United Nations Organization, and World Economical Forum are some of the international organizations that are adopting their digital infrastructure solutions to support them in leveraging the higher amount of foreign investment into their specific regions. These initiatives are anticipated to boost the demand for system integration solution to help the payment system and implement flexible system framework to allow the investors to operate business in the region.
Global Market Size
USD 402.76 Billion
Largest Segment
infrastructure
Fastest Growth
consulting
Growth Rate
13.8%
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Global System Integration Market is segmented by Service Type, Enterprise Size, End-Use and region. Based on Service Type, the market is segmented into Infrastructure Integration Services, Enterprise Application Integration Services, and Consulting Services. Based on Enterprise Size, the market is segmented into Drill Large Enterprises, and Small & Medium Enterprises. Based on End-Use, the market is segmented into, IT & Telecom, Defense & Security, BFSI, Oil & Gas, Healthcare, Transportation, Retail, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Services
The infrastructure integration segment dominated the market and generated the highest revenue in 2023. Infrastructure integration is projected to exhibit substantial growth over the next few years, owing to the increasing need to provide a unified IT infrastructure, which is cost-effective, resilient, agile, and secure. Moreover, the complex business environment has compelled enterprises to constantly evolve and adapt to the new IT infrastructure, thereby driving the demand for infrastructure integration over the forthcoming years. Market players are collaborating with engineering services providers for engineered infrastructure integration solutions in smart city projects. Moreover, companies are outsourcing the infrastructure integration testing services to improve the overall system performance.
The consulting segment is projected to witness the highest growth over the forecast period. This is owing to the increasing need of enterprises to help users in designing their BCP & DRP and performing rehearsals for efficient and effective workflow. System integration solution provider offers consulting services to help their customers in integrating their services digitally while transforming their IT systems. For example, in June 2021, Kyndryl Holdings, Inc., launched Kyndryl Consult, consulting service which assists its existing & new customers in their business models help their services & solutions in comprehensive technology integrations portfolio and expedite business outcomes.
Analysis by End-User
In 2023, the Banking, Financial Services, and Insurance recorded the largest market share in demand terms. System integration helps create IT infrastructure for the safe, quick, and smooth functioning of banks to satisfy the critical needs of the banking sector. Various companies working in the BFSI sectors work with system integrators to grow and improve their range of banking services and enrich their brand representation. Thus, the flourishing BFSI sector is anticipated to increase the demand for system integration services worldwide. In addition, the vast adoption of neo-banking services, the rapid surge in fintech startups, the burgeoning demand for banking-as-a-service, and the increasing attention of the numerous governments on the digital economy have become fundamental factors pushing the system integration market.
The IT & telecom segment is expected to experience the fastest demand growth over the forecast period. The inclination of leading players to increase the expenditure on system integration solutions has facilitated the efficient management of their IT infrastructure and substantially eliminated redundancies. Moreover, the system integration mechanism helps integrate a plethora of IT players and their hardware and software solutions. The growing demand for advanced telecommunications systems to improve network coverage is encouraging several telecom companies to add more weight to their business.
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North America has been one of the leading markets in 2023, as the adoption of IoT in industrial automation and high adoption of cloud-based services by large companies suffice the growth of the system integration market. Moreover, BFSI companies in the region have accepted modern days technology and have increased growth opportunities for the system integration market in North America. Additionally, banks in the region are taking great care to ensure that they fulfill the demand of every client. Adding more services will help the bank to improve its client base and to remain competitive in the market. Due to this, the migration of companies to such an organization will increase the demand for system integration services in the region during the forecast period.
The Asia Pacific system integration market is expected to emerge as the fastest developing regional market. This can be attributed to a rapid increase in the growth of Asian economies and, as a result, total investments in system integration. In addition, continually increasing demand for network integration services, as driven by the expanding IT & telecom sector in India, Singapore, South Korea, and China, contributes to the region’s market growth. Business development through strategic partnership, established by key market players in the Asia Pacific region, is among the factors expected to drive the industry growth.
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Drivers
Increasing Adoption of Digital Technologies
Increasing Application of Cloud Computing
Restraints
Rising Data Privacy Concerns
Challenges of Integration of Legacy Systems
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The system integration market is highly competitive, having several local and international players present in the market. Moreover, as the market is expected to expand and provide more opportunities for the market players, additional players are expected to enter the market gradually. Some of the market’s key players are Accenture, IBM Corporation, and Wipro Limited. In order to strengthen their position in this market, these players have adopted several growth strategies such as mergers and acquisitions, new product launches, expansions, joint ventures, partnerships, and others. The system integration services market presents significant opportunities for service providers. There is a continual need for integration capabilities that encompass emerging technologies such as artificial intelligence (AI), machine learning, and blockchain.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the major factor driving the system integration services market is the increasing awareness of the benefits of system integration services. The growth in demand for system integration services can be attributed to the increasing need for efficient business processes and new technologies into the existing systems. With the expansion of organizations, the number and complexity of their IT systems are growing, which requires advanced system integration capabilities to handle the flow of data and smooth operation of the systems. Moreover, the increasing adoption of cloud computing, big data analytics, and IoT technologies by organizations has also contributed to the increasing demand for robust system integration services integrating these technologies into corporate systems.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 402.76 Billion |
Market size value in 2031 | USD 1,132.88 Billion |
Growth Rate | 13.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the System Integration Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the System Integration Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the System Integration Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the System Integration Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45B2172
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